Core Insights - Nano Dimension has completed the acquisition of Markforged for $116 million, enhancing its capabilities in metal and composite manufacturing solutions and advancing its AI-enhanced manufacturing initiatives [1][2][3] Group 1: Acquisition Details - The acquisition was finalized at a valuation of $116 million, equating to $5.00 per share, after receiving necessary regulatory approvals [1] - Markforged's systems are deployed in over 15,000 installations across various industries, including aerospace, automotive, and medical technology, providing a strong platform for Nano Dimension's expansion [2][4] Group 2: Strategic Vision and Leadership - The CEO of Nano Dimension emphasized the acquisition as a major milestone in building a leading digital manufacturing company, integrating hardware, AI-enhanced software, and materials science [2] - Assaf Zipori, previously CFO of Markforged, has been appointed as the new CFO of Nano Dimension, indicating a strategic focus on leadership continuity [5] Group 3: Financial Performance and Goals - Markforged generated over $85 million in annual revenue in 2024, with non-GAAP gross margins of approximately 50%, highlighting its financial strength [4] - Nano Dimension aims to ensure a robust capital base, drive profitable growth, and achieve economic efficiencies in manufacturing and operations [7] Group 4: Industry Trends and Market Position - The acquisition positions Nano Dimension to leverage strong trends in onshoring, national security, and product customization, particularly in defense and aerospace sectors [8] - The integration of AI enhancements is expected to improve the precision and consistency of manufacturing processes, addressing critical industry needs [3]

Core Viewpoint - Nano Dimension Ltd. is taking steps to address the financial challenges faced by its subsidiary, Desktop Metal, by exploring strategic alternatives to manage its liabilities and liquidity needs [2]. Group 1: Company Actions - Desktop Metal has initiated a process to explore all available strategic alternatives to address its liabilities and liquidity needs [2]. - The company has appointed Robert Warshauer to its Board of Directors and engaged Piper Sandler & Co. and FTI Consulting, Inc. as financial advisers to assist in this process [2]. - Nano Dimension plans to provide further details regarding this situation during its upcoming financial results and outlook call, expected in late April 2025 [3]. Group 2: Industry Context - Nano Dimension operates in the Digital Manufacturing sector, focusing on advanced technologies for industries such as defense, aerospace, automotive, electronics, and medical devices [4]. - The company is driven by trends in onshoring, national security, and increasing product customization, which enable rapid deployment of high-mix, low-volume production with IP security and sustainable practices [4].

Core Viewpoint - The appointment of Mr. Ofir Baharav as CEO of Nano Dimension Ltd. is a strategic move aimed at realizing merger synergies, restoring profitability, and enhancing shareholder value [2][4]. Group 1: Leadership and Strategic Direction - Mr. Baharav has a strong background in transformation and innovation, particularly in capital equipment for the electronics industry and additive manufacturing, making him well-suited to lead the company [3][4]. - The Board of Directors believes Mr. Baharav's leadership will be crucial in navigating the integration process and achieving rapid profitability [4][7]. - Mr. Baharav has initiated significant changes since becoming Chairman, including strategic realignment of R&D and sales to focus on high-value applications [5][10]. Group 2: Financial and Operational Improvements - Immediate measures have been implemented to reduce general and administrative expenses, expected to yield over $20 million in annualized savings by year-end [5][8]. - Successful negotiations with CFIUS have removed restrictions on post-merger cost reductions, facilitating operational efficiencies [6][8]. - The company has streamlined field operations to enhance sales in key markets like the U.S. and China, improving market penetration [8][9]. Group 3: Governance and Accountability - Governance enhancements include proposed amendments to the Articles of Association and the removal of a poison pill to better align with shareholder interests [8][10]. - Comprehensive performance metrics and reporting systems have been established to ensure accountability and data-driven decision-making [8][9]. - The company is focused on creating a sustainable business model built on innovative technologies for digital manufacturing [10][11].

Core Viewpoint - The acquisition of Desktop Metal by Nano Dimension creates a global leader in advanced manufacturing solutions, focusing on high-value applications in electronics, mechanical, and medical sectors, with a transaction value of $179.3 million or $5.295 per share [1][2]. Group 1: Combined Company Overview - The combined company is projected to achieve annual revenue exceeding $200 million for the year ended December 31, 2024, based on preliminary and unaudited results [2]. - The enterprise will offer a complementary portfolio of advanced manufacturing solutions, including capital equipment, materials, and software [2]. Group 2: Customer Base - The expanded customer base will include Fortune 500 companies and industry leaders across various sectors such as aerospace & defense, automotive, consumer electronics, industrial automation, and medical technology [3]. Group 3: Leadership and Strategic Focus - A new board of directors and management team is in place to drive a strategic financial transformation, focusing on establishing a sustainable business model [4]. - The management team is committed to generating substantial shareholder returns and attracting top industry talent [5]. Group 4: Operational Improvements - Since the new leadership took over in December 2024, a strategic review has been conducted, leading to notable improvements in the operating model to reduce core business expenses [6]. - The leadership's transformation plan emphasizes maintaining financial strength, driving profitable growth, growing margins, and building indispensable customer partnerships [9]. Group 5: Future Outlook - The company plans to provide additional details regarding integration plans and financial outlook following a comprehensive strategic review [8]. - There is an ongoing focus on identifying immediate cost synergies and realigning resources towards high-potential product lines [7].

Core Viewpoint - Nano Dimension Ltd. is obligated to complete the acquisition of Desktop Metal, Inc. following a ruling by the Delaware Court of Chancery, which supports the July 2, 2024 Merger Agreement [1] Strategic Focus and Integration Planning - Since the reorganization of the Board on December 15, 2024, the company has been preparing for the integration of Desktop Metal despite ongoing litigation, aiming to maximize the potential of the combined entity [2] - The strategic objective is to become a leading provider of digital manufacturing solutions across various high-growth sectors, including aerospace & defense, automotive, electronics, industrial, and medical [3] Strategic Pillars for Future Growth and Value Creation - The company is focused on maintaining financial strength, driving profitable growth, growing margins, and building indispensable customer partnerships to create long-term value [4][7] - The Chairman expressed disappointment with the court's decision but acknowledged the potential for the transaction to close, emphasizing the importance of a successful integration of Desktop Metal [4] About Nano Dimension - The company is positioned to benefit from trends in onshoring, national security, and product customization, delivering advanced digital manufacturing technologies to various industries [5]

The Delaware Court of Chancery just told Nano Dimension: no take-backs.Only nine months ago, Nano Dimension (NNDM -18.03%) stock was riding high. The 3D printing company had just released preliminary second-quarter results showing an 11% sequential increase in sales, and announced plans to buy rival Desktop Metal (DM 89.43%) for $183 million -- $5.50 per share. Nano Dimension, however, soon developed cold feet on the deal, and tried to back out.By December, the matter was already before the courts, with Des ...

Waltham, Mass, March 18, 2025 (GLOBE NEWSWIRE) --  Nano Dimension Ltd. (NASDAQ:NNDM) ("Nano Dimension" or the "Company"), a supplier of Digital Manufacturing solutions, today announced the launch of its latest high-performance solutions from its Essemtec product line: the FOX Ultra and PUMA Ultra. These next-generation surface mount technology ("SMT") platforms are designed to meet the evolving demands of high-precision, high-mix electronics manufacturing. The FOX Ultra and PUMA Ultra represent a major adv ...

Waltham, Mass, March 18, 2025 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension” or the “Company”), a supplier of Digital Manufacturing solutions, today announced the launch of its latest high-performance solutions from its Essemtec product line: the FOX Ultra and PUMA Ultra. These next-generation surface mount technology (“SMT”) platforms are designed to meet the evolving demands of high-precision, high-mix electronics manufacturing. The FOX Ultra and PUMA Ultra represent a major ad ...

Mr. David Stehlin Joins the Board, Bringing Leadership in Innovation and Strategic Turnarounds Mr. Kenneth Traub Resigns Following Appointment as CEO and President of Comtech Waltham, Mass., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension” or the “Company”), a supplier of Additive Manufacturing solutions, today announced an update to its Board of Directors (the “Board”). Mr. David Stehlin is joining the Board effective immediately. Mr. Stehlin is an accomplished execut ...

Recognizes Historical State of Affairs Requiring Change Sets Path for New Approach and Strategy Board Authorizes $150 Million Repurchase Program Includes Announcement of Preliminary Revenue for Fourth Quarter 2024 Waltham, Mass., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension” or the “Company”), a supplier of Digital Manufacturing solutions, today shared a letter to shareholders from Julien Lederman, Interim Chief Executive Officer, along with a Company announcement of ...